All right, Alexander, let's talk about the U.S. economy and the Bloomberg article, which claims that much of the inflation and the increase in gasoline prices and fuel prices is a result of the strikes on Russian refineries.

It's Russia's fault, basically, or it's the war, the war in Ukraine,

the conflict in Ukraine. That's what's driving up prices in the United States. What is your thoughts

on the Bloomberg article? Well, the Bloomberg. It was Bloomberg, right? Yeah. It is. It is. It is.

Absolutely. It's Bloomberg. Absolutely. And of course, this is in a kind of a sense true, but not the attacks on the refineries. We've now had articles about this, I believe also in the Ukrainian media, in which they've admitted that the damage to Russian refineries, refinery capacity, has been around 3% of total capacity.

So, I mean, and that the Russians who mostly refine oil for their domestic use are no longer

short of gasoline, that the problems have been resolved because Russian refining capacity is so

big that it can absorb the small amount of damage that these strikes have done.

The real reason why energy costs remain high and continue to rise is because the United States and Europe, over the

last couple of months, have made another concerted attempt to drive Russian oil off global markets.

The various European sanctions against what is referred to as Russia's shadow fleet.

We've discussed the fact what that really is and the fact doesn't exist and at least

not in the way that it's been talked about.

But anyway, all of that, the threats to blockade the Denmark Straits, which would be completely contrary

to international law and established treaties, by the way.

And of course, America's latest sanctions on Luke Oil and Rosneft and the attempt to pressure

India and China to cut back on imports of Russian oil.

So inevitably, however effective or not, these sanctions are, they're increasing instability

and tension within global energy markets, and they are causing

the price of oil to be higher than it might otherwise have been. It's utterly predictable. We've

been saying this in program after program, and you can see how it's playing out.

Three percent of Russia's refineries. That's the number given, right?

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